Market Action

September 18, 2026

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)
Median
YTW
Median
Average
Trading
Value
Median
Mod Dur
(YTW)
Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.0658 % 2,818.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.0658 % 5,307.5
Floater 5.13 % 5.18 % 30,374 15.25 3 -0.0658 % 3,058.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0696 % 3,629.6
SplitShare 4.65 % 4.79 % 55,269 2.53 4 -0.0696 % 4,334.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0696 % 3,381.9
Perpetual-Premium 5.73 % 5.77 % 69,356 14.08 9 0.1651 % 3,030.5
Perpetual-Discount 5.69 % 5.77 % 41,524 14.16 21 0.2176 % 3,320.6
FixedReset Disc 5.62 % 6.27 % 79,890 13.48 21 0.5181 % 3,388.8
Insurance Straight 5.60 % 5.64 % 52,075 14.44 19 0.2344 % 3,213.0
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.5181 % 4,137.8
FixedReset Prem 5.95 % 4.36 % 75,974 2.03 27 0.0631 % 2,652.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.5181 % 3,464.1
FixedReset Ins Non 5.21 % 5.39 % 49,609 1.88 14 0.3796 % 3,274.0
Performance Highlights
Issue Index Change Notes
ENB.PF.C FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 22.87
Evaluated at bid price : 23.90
Bid-YTW : 6.38 %
GWO.PR.G Insurance Straight 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 22.63
Evaluated at bid price : 22.88
Bid-YTW : 5.70 %
BIP.PR.E FixedReset Prem 1.36 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-03-31
Maturity Price : 25.00
Evaluated at bid price : 26.00
Bid-YTW : 3.81 %
GWO.PR.R Insurance Straight 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 21.17
Evaluated at bid price : 21.17
Bid-YTW : 5.70 %
ENB.PF.G FixedReset Disc 5.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 23.02
Evaluated at bid price : 24.37
Bid-YTW : 6.29 %
MFC.PR.F FixedReset Ins Non 6.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 21.92
Evaluated at bid price : 22.40
Bid-YTW : 5.50 %
BN.PR.Z FixedReset Disc 7.87 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 4.82 %
Volume Highlights
Issue Index Shares
Traded
Notes
IFC.PR.C FixedReset Ins Non 449,300 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-10-30
Maturity Price : 25.00
Evaluated at bid price : 24.98
Bid-YTW : 5.24 %
BILP.PR.A FixedReset Prem 18,811 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2031-10-01
Maturity Price : 25.00
Evaluated at bid price : 25.15
Bid-YTW : 5.61 %
GWO.PF.A Perpetual-Premium 16,550 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 24.55
Evaluated at bid price : 24.95
Bid-YTW : 5.72 %
PWF.PR.P FixedReset Disc 14,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 21.86
Evaluated at bid price : 22.27
Bid-YTW : 5.73 %
ENB.PR.P FixedReset Disc 10,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 23.19
Evaluated at bid price : 24.26
Bid-YTW : 6.29 %
There were 0 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
SLF.PR.C Insurance Straight Quote: 20.84 – 22.25
Spot Rate : 1.4100
Average : 0.7890

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 20.84
Evaluated at bid price : 20.84
Bid-YTW : 5.36 %

BN.PF.E FixedReset Disc Quote: 24.80 – 26.35
Spot Rate : 1.5500
Average : 1.0686

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2030-04-01
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 5.42 %

PWF.PR.P FixedReset Disc Quote: 22.27 – 23.20
Spot Rate : 0.9300
Average : 0.5779

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 21.86
Evaluated at bid price : 22.27
Bid-YTW : 5.73 %

GWO.PR.M Insurance Straight Quote: 25.16 – 25.96
Spot Rate : 0.8000
Average : 0.4905

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2026-10-18
Maturity Price : 25.00
Evaluated at bid price : 25.16
Bid-YTW : -4.25 %

ENB.PF.K FixedReset Prem Quote: 25.75 – 26.45
Spot Rate : 0.7000
Average : 0.4487

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-03-01
Maturity Price : 25.00
Evaluated at bid price : 25.75
Bid-YTW : 4.31 %

GWO.PR.P Insurance Straight Quote: 23.75 – 24.55
Spot Rate : 0.8000
Average : 0.5959

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-09-18
Maturity Price : 23.48
Evaluated at bid price : 23.75
Bid-YTW : 5.70 %

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